Globalization and innovation with Chinese characteristics : the case of the automotive industry
Purpose: The purpose of this paper is to analyze the internationalization of Chinese new global players through innovation-oriented Mergers and Acquisitions (M&As). Design/methodology/approach: The paper combines the analysis of East-Asian and Chinese multinationals’ international expansion within international business (IB) and innovation domains, with the “latecomer” perspective. It is a conceptual contribution, based on the role of local institutions and firm’s absorptive capacity. A theoretical framework is developed, and further elucidated with two illustrative cases of Chinese M&As abroad in the automotive sector. Implications for theoretical development and practical application are then drawn. Findings: Chinese firms’ M&As abroad have become one of the preferential modes of developing innovation capabilities. The success of these endeavors is argued to be the result of a combination of a strong push from government industrial policies, along with significant internal knowledge assimilation and transformation capabilities. Originality/value: The paper extends IB literature integrating the latecomer firms’ perspective within a novel conceptual framework, which adds to the traditional resource-based arguments about incumbent MNEs asset and knowledge-seeking internationalization modes, as well as institutional and multi-dimensional absorptive capacity perspectives.
Year of publication: |
2019
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Authors: | Petti, Claudio ; Spigarelli, Francesca ; Lv, Ping ; Biggeri, Mario |
Published in: |
International Journal of Emerging Markets. - Emerald, ISSN 1746-8809, ZDB-ID 2242085-X. - Vol. 16.2019, 2 (12.11.), p. 303-322
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Publisher: |
Emerald |
Saved in:
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